Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
Authorities at Europe’s second largest port, Antwerp, said on Friday they closed a dock for traffic after detecting late on Thursday afternoon an oil spill that had…
Brent crude jumped above $80 per barrel again on Friday morning following the ECB rate cut decision on Thursday. Friday, June 07, 2024The oil markets got…
Oil prices are under pressure as bearish sentiment builds due to OPEC+ underwhelming the market with its commitment to extend its voluntary cuts to Q3…
The state of Vermont has just enacted a law that would take on oil companies to require them to pay for damage caused by their…
U.S. gasoline prices continue to head lower after the Memorial Day weekend amid lower oil prices and tepid demand. The national average for a gallon…
Oil prices remain under pressure this week despite expectations that OPEC+ will agree to extend production cuts at this Sunday's meeting.Friday, May 31st 2024The Memorial Day…
Spain should support its domestic natural gas-fired power plants to be available to provide electricity when needed, and such regulation is “urgent and necessary,” according…
China Petroleum & Chemical Corporation, or Sinopec, expects oil demand in China to peak before 2027, according to the 2024 edition of the China Energy…
Privately-held Permian basin producer Double Eagle is reportedly considering the sale of assets potentially worth more than $6.5 billion, including debt, Reuters reported on Wednesday,…
Norway will keep the Nordland county area of the stunning Lofoten and Vesterålen islands off limits for oil and gas exploration and production, Energy Minister…
Companies are expected to spend a record-high level of investment on oil and gas extraction and pipeline transportation in 2024 offshore Norway, thanks to higher…
Oil prices have been rangebound for the last four weeks with demand concerns being canceled out by expectations of an OPEC+ production cut extension.- The…
During a visit to Uzbekistan on Monday, Russian President Vladimir Putin reportedly agreed to a deal to build the first Central Asian nuclear power plant…
The global economy has been relatively resilient in recent months, which has led OPEC to continue to anticipate robust oil demand growth this year and…
Brent crude and U.S. benchmark crude oil prices gained well over 1% in thin Monday trading, with international inflation data and the potential for rate…
A combination of crude inventory builds and high interest rates continued to weigh on oil prices this week, with Brent and WTI both trading near…
Bearish sentiment appears to have taken hold of oil markets lately, with demand concerns dragging prices lower. Oil bulls will be looking to OPEC+ to…
Oil prices have remained rangebound this month, but falling inventories and a slowdown in U.S. inflation could provide the spark for a breakout. Friday, May…
Following several weeks of declines, oil prices are now rising once again on a combination of geopolitical risk, rising demand, and supply concerns.Friday, May 10th 2024Oil…
Oil prices remained under pressure on Tuesday morning, but Israel's decision to send troops into Rafah and Saudi Arabia's aggressive pricing of its June cargos…